The Mexico energy storage systems (ESS) market size reached USD 5.62 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 26.10 Billion by 2033, exhibiting a growth rate (CAGR) of 16.60% during 2025-2033. The market is expanding due to rising renewable integration, grid modernization efforts, and increased demand for backup power in industrial and residential sectors. Advancements in lithium-ion technology and utility-scale storage projects further support this growth. This momentum is expected to strengthen the Mexico energy storage systems (ESS) market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 5.62 Billion |
Market Forecast in 2033 | USD 26.10 Billion |
Market Growth Rate 2025-2033 | 16.60% |
Shift Toward Scalable and Flexible ESS Solutions
The market is increasingly embracing scalable and versatile solutions designed to meet the dynamic needs of residential, commercial, and industrial sectors. With distributed energy resources gaining ground and solar rooftop adoption rising, energy users now demand compact, intelligent storage systems that deliver performance, reliability, and ease of integration. The trend is characterized by the shift from traditional lead-acid batteries to lithium-based systems with advanced features like real-time diagnostics, enhanced safety layers, and longer service life. These storage units are not just limited to grid-tied uses but are becoming pivotal for backup and off-grid applications across Mexico. In April 2025, Eastman Auto & Power launched its Lead Acid Replacement Lithium Battery at Renew X Chennai, along with an expanded ESS portfolio offering 2.56 to 20.48 kWh storage options. Designed with a smart Battery Management System, fast charging, and multiple mounting configurations, these units respond to the evolving energy requirements of diverse users. The move toward smarter, modular energy storage is expected to influence the Mexican market by encouraging local adoption of similar systems, strengthening small-scale grid resilience, and supporting energy independence at the household and community level, further driving Mexico energy storage system (ESS) market growth.
Utility-Scale Projects Strengthening Grid Integration
A growing trend in Mexico's ESS market is the rise of utility-scale battery storage projects aimed at improving grid integration of renewables and increasing energy system flexibility. As the country ramps up solar and wind capacity, the need to store excess power and stabilize fluctuations during demand peaks becomes increasingly important. Grid-scale storage not only supports the reliability of renewable generation but also helps reduce curtailment and improve dispatchability. These projects are instrumental in strengthening Mexico's transmission and distribution networks and contribute directly to national climate targets by enabling more clean energy into the grid. In April 2025, Atlas Renewable Energy inaugurated its 800 MWh BESS del Desierto in Chile's Antofagasta region. Built in partnership with COPEC, the 200MW facility stores surplus solar energy for redistribution during peak demand hours. Atlas has announced plans to use this success as a reference for developing similar projects across Latin America, including Mexico. The project's scale and technical approach reflect a growing confidence in ESS as core infrastructure. For Mexico, this signals an opportunity to accelerate the deployment of large-scale BESS, particularly in solar-heavy regions, and create a more stable, responsive energy system driven by clean sources.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional level for 2025-2033. Our report has categorized the market based on technology, application, and end user.
Technology Insights:
The report has provided a detailed breakup and analysis of the market based on the technology. This includes pumped hydro, electrochemical storage, electromechanical storage, and thermal storage.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes stationary and transportation.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes residential, non-residential, and utilities.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Technologies Covered | Pumped Hydro, Electrochemical Storage, Electromechanical Storage, Thermal Storage |
Applications Covered | Stationary, Transportation |
End Users Covered | Residential, Non-Residential, Utilities |
Regions Covered | Northern Mexico, Central Mexico, Southern Mexico, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: